Figure of £16bn from ONS comes after new prime minister revealed plans to cut VAT on electricity bills Business live – latest updates The UK government borrowed less than expected in June, in a boost for Andy Burnham as he set out plans to cut VAT on household electricity bills and promised a new...
Source: [Guardian World](https://www.theguardian.com/business/2026/jul/21/uk-borrowing-june-andy-burnham-ons-vat-electricity-bills)